POP THE BUBBLY! It's a Buyer's Market, Not a Bubble!
A SPECULATIVE "BUBBLE": Much has been said by media lately that a "bubble" of inflated, unsustainable property prices exists. Combined with rate rise fears some economists claim, and others deny, that the property market is set to fall, or "burst". Indeed prices have stabilised and auction clearance rates dropped. But, is this a reflection of less buyers?.... or more property?
LOW DEMAND or OVERSUPPLY? Spring is peak listing season, and as many who have faced the dilemma of finding the best phone plan, insurance, or the ideal Christmas gift will know....... excess choice is sometimes so confusing & stressful you walk away altogether.
INVESTORS DOMINATE as First Home Buyers Hibernate
WINTER TRENDS: Open inspection numbers continue to remain strong, particularly in Sydneylinks' area of investment property sales. However, the trend that emerged at the beginning of 2010 has compounded to the point where 90% of clients I meet are now investors. First home buyers have all but disappeared, and it saddens me to think that the "Great Australian Dream" of owning your own home is almost purely a Dream.
HIGHS & LOWS: Sydney's income-to-house-price ratio is 9 times the median income. No wonder loans for owner-occupied housing are at 9-year lows! This naturally puts more people in the market for rental property.
GROWING & SLOWING: Property prices continue growing but at a slowing rate. Considering this, owners of investment properties currently leased with good returns are in a great position to sell! Increased investor finance in the last 12 months proves investors are buying up big.
About SydneyLinks
Sydneylinks’ boutique Real Estate agency in Potts Point specialises in Executive Sales, Fully Furnished Corporate Rentals and Quality Holiday Apartments.
Our niche in Sydney’s furnished executive apartments provide high investment return to owners & convenient living for corporate tenants.
Sydneylinks’ passionate sales team led by Trish Muljono is renowned for fast sales at record prices. Creative flexibility allows us to adapt and evolve to unique circumstances of each property sale.